Part 8: Supplementary provisions
Paragraph 33: Power to require information
3451.This paragraph derives from paragraph 6 of Schedule 9 to ICTA and gives the Inland Revenue power to obtain information. The words “think necessary” have been replaced with “reasonably require”. See Change 172 in Annex 1.
3452.This provision, as set out in sub-paragraph (2)(a)(ii), also covers liability to capital gains tax.
3453.Sub-paragraph (3) clarifies the operation of the time limit for providing information by making the period run from the date of the notice. Also the period has been extended from 30 days to 3 months. See Change 172 in Annex 1.
Paragraph 34: Jointly owned companies
3454.This paragraph gives statutory effect to ESC B27, so far as it relates to CSOP schemes. It corresponds to paragraph 46 of Schedule 3 to this Act, for SAYE option schemes. See Change 173 in Annex 1.
Paragraph 35: Meaning of “associated company”
3455.This paragraph derives from the definition of associated company in section 187(2) of ICTA.
Paragraph 36: Minor definitions
3456.This paragraph takes definitions from section 187(2) and (7) of ICTA.
Paragraph 37: Index of defined expressions
3457.This paragraph consists of an index of expressions defined or explained for the purposes of the CSOP code.
